TheCitizen - It's all about you
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
TheCitizen - It's all about you
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
TheCitizen - It's all about you
No Result
View All Result

Jonathan’s govt spent N3.5tn pension fund on recurrent expenditure – Oshiomhole

The Citizen by The Citizen
October 7 2015
in Headlines, Latest News, Uncategorized
A A
0

Edo State governor, Comrade Adams Oshiomhole, has again accused the immediate past government of former President Goodluck Jonathan of tampering with the pension funds to the tune of N3.7 trillion.

According to Oshiomhole, the past administration grossly thrived in corruption and embezzlement of public funds.

The governor, who spoke to State House Correspondents in Abuja in the presidential villa, Abuja yesterday, submitted that Madueke’s case was the tip of the iceberg, saying Jonathan’s administration perpetrated monumental fraud against the Nigerian state.

He said: “For me, I don’t think anybody should be surprised because the most favorable commentators on the Nigerian condition, both the economy, the polity and society, everybody agree that our economy was badly mismanaged over the past several years.

“I have not seen one commentator that disagrees. Even when they talk about rebasing and so what. Have you rebased the level of poverty? Have you rebased prosperity? Have you rebased unemployment? Have you rebased homelessness? Have you rebased hunger? So I have not seen anyone that says Nigerian people are doing better. This was never my issue. I was only a spokesman of National economic council.”

“Yesterday, I saw a lot of analyses of how pension funds should be invested on infrastructure. You challenge Pencom and Ministry of finance, you will discover that over 3.5trillion was drawn down by the previous government from pension funds to support recurrent expenditure.

“Not to support infrastructure. Even the media here, I wonder why you want to hear it from me because some of the fuse we parrot flow from what we have read from your electronic media and print media arising from what you have observed.

“There have been probes, there have been revelations, where whistle blowers have been removed from office, they became guilty for speaking out. I believe time will tell how much was taken and who was involved. I think what you are hearing now is like appetizer. It’s sickening. It used to come from America, now it’s Britain.”
The governor, however, stated that he was not on a personal political vendetta but speaking the truth to give vent to good governance.

He also stated that he was the happiest Nigerian to live in the times of change under President Muhammadu’s Buhari’s administration.

“In this country when you speak out, all the arrows should be fashioned to attack. But one of the things I learnt in life at the age of 17 when I got into the leadership of labour, is that the truth does not require supporters club. It can stand on its feet any day. You can hit it. You can kick it. You can bomb it, but you can’t destroy it.

“The truth is that a lot of money was stolen and what you are seeing is just a tip of the iceberg because when you imagine what accrues to Nigeria, consistently form 140 dollars averaging 108 dollars over a long period of time and yet your treasury is empty and you were running a budget deficit, you were devoting 85 percent of your budget for four consecutive years on recurrent, you were borrowing and you draw the entire pensions fund,’’ he said.
No government involvement

“It’s not about who has hand in what. I think it’s about law and order. In other climes, institutions do their work. They are not at the beck and call of political authority. They have their mandate and the law specifies this and it is scrupulously followed.

“I’m the happiest person because I’ve been in government for seven years without being in power. I was in government, I couldn’t call a commissioner of police and talk as a security officer. I’m haunted by all manners of persons. You kill the snake in Edo, they will put the snake on life support in Abuja and they keep harrassing us. Now, all those venoms are dead and buried.

“For the first time I’m excited and happy not just for personal benefit, but for the changes I’m beginning to see. They’ve not started scrutinizing, just blocking the holes. It’s no longer flowing like before and so the propensity to indulge in those conspicuous habit already curbing themselves.

“People are regaining sanity, human rationality is returning and the idle class that makes money without office or business address whose only address is an iPad and cell phone with appropriate phone numbers are all lamenting and not sure of tomorrow,” Oshiomhole stated.

Previous Post

Troops arrest Boko Haram financier in Borno

Next Post

Halliburton Scandal: Prosecute those indicted, Nnamani urges Buhari

Related Posts

UN Security Council: Nigeria demands two permanent seats, veto powers for Africa
Governance

UN Security Council: Nigeria demands two permanent seats, veto powers for Africa

September 25 2026
2027: Why I can’t step down for Atiku – Peter Obi
Headlines

I left Anambra debt-free, Peter Obi insists

September 25 2026
NECO suspends 2020 exams indefinitely
Latest News

NECO records 58.67% pass rate in English, Maths

September 25 2026
Tinubu, Shettima’s absence: I’m not Acting President, says Akpabio
Headlines

Tinubu, Shettima’s absence: I’m not Acting President, says Akpabio

September 23 2026
Tinubu orders probe into death of detained miners in Niger State
Headlines

Tinubu orders probe into death of detained miners in Niger State

September 19 2026
Gov. Bago declares 24-hour curfew following unrest over miners’ deaths
Latest News

Gov. Bago declares 24-hour curfew following unrest over miners’ deaths

September 18 2026
Next Post

Halliburton Scandal: Prosecute those indicted, Nnamani urges Buhari

I have no interest in political office, says Dangote

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

FROM THE GRASSROOTS

Minister defends King’s College concession, cites infrastructure decay

Minister defends King’s College concession, cites infrastructure decay

by The Editor
September 16 2026
0

...

Lagos demolishes shanties after four die in community clash

Lagos demolishes shanties after four die in community clash

by The Editor
August 30 2026
0

...

Kano, Sokoto, others spend N53.2bn on scholarships abroad

INEC fixes Sept 19 for Kano Assembly by-election

by The Editor
August 27 2026
0

...

Awujale: Ruling House sues Ogun, kingmakers

Awujale: Ruling House sues Ogun, kingmakers

by The Editor
August 25 2026
0

...

APPOINTMENTS

Enugu governor names Nollywood’s Eucharia Anunobi, Rachael Okonkwo aides

Enugu governor names Nollywood’s Eucharia Anunobi, Rachael Okonkwo aides

by The Editor
September 23 2026
0

...

Gov. Yahaya swears in 19 new Gombe permanent secretaries

Gov. Yahaya swears in 19 new Gombe permanent secretaries

by The Editor
September 11 2026
0

...

Niger State governor appoints six commissioners-designate, four aides

Niger State governor appoints six commissioners-designate, four aides

by The Editor
September 8 2026
0

...

Tinubu swears in Enitan as new Head of Service

Tinubu swears in Enitan as new Head of Service

by The Editor
August 28 2026
0

...

ODDITIES

Residents find lifeless body in Akwa Ibom gutter, police begin probe

New co-tenant absconds with neighbour’s children in Akwa Ibom

by The Editor
September 17 2026
0

Palliatives: Sokoto residents feared dead in stampede at Wammako’s residence

Police Inspector slumps, dies after fitness exercise

by The Editor
September 3 2026
0

How friend deceived me to sell my kidney, bought phones with payment — Victim

How friend deceived me to sell my kidney, bought phones with payment — Victim

by The Editor
August 30 2026
0

GLOBAL NEWS

Gambia orders banks to replace foreign workers with locals

Gambia orders banks to replace foreign workers with locals

by The Editor
September 25 2026
0

...

Trump signs security deal with Greenland, Denmark at UN

Trump signs security deal with Greenland, Denmark at UN

by The Editor
September 23 2026
0

...

Trump bars CNN, MS NOW, Politico from White House

Trump bars CNN, MS NOW, Politico from White House

by The Editor
September 18 2026
0

...

2027 Hajj: Saudi Arabia rejects Nigeria’s request for additional slots

2027 Hajj: Saudi Arabia rejects Nigeria’s request for additional slots

by The Editor
September 17 2026
0

...

Canada flags Nigeria, 16 African countries as high-risk in new travel advisory

Canada raises study permit, visitor visa processing times for Nigerians

by The Editor
September 17 2026
0

...

State of the States

Auto Draft

Enugu Air opens international route to Cameroon, begins Enugu-Douala service

by The Editor
September 25 2026
0

...

I won’t be a godfather; Abia voters will pick my successor, says Gov. Otti

I won’t be a godfather; Abia voters will pick my successor, says Gov. Otti

by The Editor
September 17 2026
0

...

Fubara orders fresh LG elections in Rivers State

Fubara signs N1.84tt Rivers 2026 budget into law

by The Editor
September 3 2026
0

...

Lagos empowers 6,190 residents with free vocational, entrepreneurial skills

Lagos empowers 6,190 residents with free vocational, entrepreneurial skills

by The Editor
September 2 2026
0

...

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest

Nigeria advances research sovereignty as Health Ministry, NHIA, partners convene inaugural Health Financing Forum

September 28 2026
Candidate Sowore: Revolution, Marijuana and other stories

Candidate Sowore: Revolution, Marijuana and other stories

September 25 2026
Nigeria, U.S. sign framework for $700 billion mineral investment

Nigeria, U.S. sign framework for $700 billion mineral investment

September 25 2026
Court nullifies Pantami as Gombe PDP guber candidate

Court nullifies Pantami as Gombe PDP guber candidate

September 25 2026

EDITORIAL REVIEW

Tele-robotic surgery: Nigeria needs more medical feats – Punch

Tele-robotic surgery: Nigeria needs more medical feats – Punch

by The Editor
September 25 2026
0

2027: Voter registration figures must mirror turnout – Punch

2027: Voter registration figures must mirror turnout – Punch

by The Editor
September 17 2026
0

EFCC recoveries: The good, the bad and the ugly – Punch

EFCC recoveries: The good, the bad and the ugly – Punch

by The Editor
September 11 2026
0

Football’s house of failure – Punch

Football’s house of failure – Punch

by The Editor
September 8 2026
0

FAAC shares N2.09tr to FG, states, local councils as October revenue

FAAC bonanza: Nigeria’s fiscal paradox – Punch

by The Editor
September 3 2026
0

Opinion

Candidate Sowore: Revolution, Marijuana and other stories

Candidate Sowore: Revolution, Marijuana and other stories

by The Editor
September 25 2026
0

...

 Akpakomiza and other stories

by The Editor
September 1 2026
0

...

‘Fake’ Agency: Adeyemi insists DG appointment genuine

Fake agencies: Why Nigeria still needs Oronsaye report

by The Editor
August 25 2026
0

...

How Adeleke danced back from the dead

How Adeleke danced back from the dead

by The Editor
August 19 2026
0

...

Plugin Install : Popular Post Widget need JNews - View Counter to be installed
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2026 TheCitizen Ng. All Rights Reserved.

No Result
View All Result
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2026 TheCitizen Ng. All Rights Reserved.